Business
Getchell Gold Corp. Raises $646,730 Through 98.8% Exercise of Warrant Series
Toronto, Ontario--(Newsfile Corp. - May 19, 2021) - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") has received gross proceeds of
About this update from Getchell Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 19, 2021) - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (\"Getchell\" or the \"Company\") has received gross proceeds of approximately $646,730.25 pursuant to the exercise of 2,586,921 share purchase warrants at an exercise price of $0.25 per share. This equates to a 98.8% conversion rate from a total series of 2,618,032 warrants issued in connection with a non-brokered private placement that closed on May 17, 2019. In combination with the non-brokered private placement closed yesterday (Company news release dated May 18, 2021), the Company has received aggregate gross proceeds of $3,356,855.25. The funds received from the warrant conversion add to a healthy bank account and ensures the Company is well financed for a very active 2021 exploration season. The 2021 Phase One, 4,000 metre, drill program at the Fondaway Canyon Gold project, host to a sizable historic resource, is expected to start shortly. In addition, the maiden drill program at the high-grade Copper-Gold-Silver Star project, 60 kms to the north, will be sequenced in during the course of the Fondaway Phase 1 drill program. The Company will provide notification upon the commencement of drilling and intends to provide further details of the Fondaway Phase 1 drill program at that time. About Getchell Gold Corp. The Company is a Nevada-focused gold and copper exploration company trading on the (CSE: GTCH) and (OTCQB: GGLDF). Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star and Hot Springs Peak. Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada. The Company reiterates that its near-term strategy to advance its assets is not impacted by the COVID-19 Coronavirus. The Company continues to monitor the situation and is in compliance with all government guidelines. For further information please visit the Company's website at www.getchellgold.com or contact the Company at [email protected]. Mr. William Wagener, Chairman & CEOGetchell Gold Corp.+1 303 517 8764info@getchellgold...